April 1, 2025 • 37 mins
Welcome back to the Suzanne and Sarah Real Estate Investing Podcast! 🌟 In this episode, we’re diving into the fast-paced spring real estate market, where deals are moving quickly and multiple offers are making a comeback.
🏡 Inside This Episode: ✅ Market & Business Updates – What’s happening in Bend, Oregon’s real estate scene? 📈 ✅ Investor Activity & New Listings – Why buyers are eager & how to navigate the competition! 🏠 ✅ Creative Financing & Negative Equity Solutions – Helping clients win in today’s market 💡 ✅ Hiring a Virtual Assistant – How a new VA is changing the game for Suzanne & Sarah 🎯 ✅ The Power of Wholesalers & Building Trust – How relationships lead to better deals 🤝 ✅ Industry PSA – The new LLC registration requirements you need to know 🚨 ✅ Personal Investing Wins & Challenges – Including a full-price offer on a St. Louis fourplex! 💰
🔥 Whether you're a buyer, seller, or investor, this episode is packed with expert insights to help you thrive in real estate this season. Don’t miss out!
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
Welcome to the Suzanne and Sarah RealEstate Investing podcast, where strategy
meets hustle and your real estate goalsturn into reality where Suzanne and Sarah
Investors agents and your go-to teamfor smart strategies, honest insights,
and plenty of laughs along the way.
(00:21):
Whether you're flipping, renting, orjust starting out, we're here to help
you invest smarter and live better.
So let's dive in because thebest time to invest is now.
Hello everyone.
Welcome back to the Suzanne andSarah Real Estate Investing podcast.
We are back with you this week because,well, it may look like winter outside.
(00:45):
In most places in the real estateworld, it still feels like spring.
And spring is full of energy, lots ofactivity and people ready to make moves.
So we are seeing.
The good deals move really fast.
In fact, a number of the places that wehave slated to share in our weekly top
(01:07):
picks email have already gone pendingbefore we can even tell you about them.
So that just goes to show thatpeople are on the hunt and
swooping those great deals.
We're starting to seemultiple offers again and.
We also saw a lot of investoractivity in February.
So we expect that to continue, not quiteto the same proportions, but as we get
(01:30):
into the spring months, it gets busy,busy, busy in real estate, which is
what we love and why we're hiring help.
So today we'll talk to you about breakingdown a little bit about what that means
for you if you were a buyer, what thatmeans for you if you are a seller.
How to navigate the busy hypeof Spring as an investor.
(01:54):
Love it.
Here we go.
So now we're gonna talk about whatwe talk about every week, which is
our market and business updates.
What's happening in our specificworld of Suzanne and Sarah Real
estate and the bend market right now.
We have new listings coming upfor you in the next few weeks.
I was at one of our Southeast Bend homelistings coming in the market yesterday,
(02:17):
getting the Home Energy score completed,which if you don't know if you're
listing a home within the city limitsof bend, a home energy score inspection
is required before you list your homes.
I got to meet.
The tenant yesterday andbuild rapport with her.
Lots to be said about that.
And just really getting myeyes on this property and
(02:38):
around this property so I can.
Fully absorb what's happening thereand be prepared for listing photos and
getting the listing up on the marketat the end of next week to go active.
Also this past weekend we listed a shortterm rental condo down in Sun River.
And we already have that under contractand potentially a backup offer coming.
(03:02):
We've got lots of new investorsreaching out to us this week who.
Have some sort of connection to Bend,have been here before and wanna just
really get their foot back in the doorin this market and make sure that they
continue to grow with this market.
And then also just takeadvantage of the lifestyle here.
One reason why so many people like tocome to Bend and invest here, we got an
(03:25):
offer submitted for the least expensivehome listed in Northwest Bend right now.
And take it away serious.
What else?
All right, so we're alsohelping some of our covid buyers
make lemonade out of lemons.
We'll talk to you about some of thefirst clients who have come to us
(03:46):
who have negative equity and how ourcreative approach is helping them
come up with some solutions that couldactually net them some money, and.
Instead of them writinga check at closing.
And finally, really interesting, youknow, we have so many investors in
our network and sometimes they findoff market deals that they don't
(04:09):
necessarily want to keep themselves.
So we are bringing people togetherso that our wholesalers and
our flippers are connecting andeverybody is winning in the process.
It's super rewarding to do stufflike this, and I'm just gonna say
this right now, you do not get thatwith a typical real estate agent.
(04:32):
So what?
What Sarah and I do is aboveand beyond and so cool and fun
and rewarding for everybody.
So we love it.
We love our creative stuff.
Yeah.
Staying busy, you might ask orwonder how we keep it all together.
Balancing our business growthand our personal life is not for.
(04:54):
Not for the weak, right?
Not for the faint of heart.
Not for the faint of heartis what I'm trying to say.
Because both of these things are reallyimportant to us, and while we grow
our business, we also have to keepour personal life in check as well.
And so we're gonna share with youguys a little bit today about how
we focus in on that specific skill.
(05:15):
So our key discussion pointsthis week on that topic are
going to be about hiring our new.
Virtual assistant who is in thiscase, our new transaction coordinator,
we're gonna talk about why we chosethem and how this, affects our
day-to-day work life and balance.
We wanna talk to you about why wholesalersbring us deals first, because we've
(05:36):
built these relationships in the industrythat lead to connecting people, right?
And helping facilitate some ofthese more unique off market deals.
And finally, the powerof trust in real estate.
Buyers and sellers actually take ourguidance because we have experience
and we know how to communicate clearlyand why that makes all the difference.
(06:01):
Yes.
So let's just dive into the first topic,which is hiring our new virtual, but
very real transaction coordinator.
And what we can say about this is roundtwo for our transaction coordinator.
We had one that we hired in Augustof last year, and we were too nice.
(06:23):
We had.
I, she was very skilled, super fast.
Dove right in and we, reallyvalued that speed and efficiency.
However, her reliability andattendance was lackluster.
Just for example, we probably shouldhave known on day two when she didn't
(06:43):
show up a no call, no show, as they say.
And we were just like,whoa, day one was amazing.
What happened?
Where did she go?
But that just set the tone almostfor the rest of her time with us and.
And we were so busy that we didn'tfeel like we had time to start all
(07:05):
over again and interview and you know,like put another job description out,
interview, hire, train, blah, blah, blah.
So we just let it ride untilit just got to be too much.
And many of the things that happened withthat transaction coordinator that impacted
her attendance were out of her control.
For that, but ultimately had to make thehard decision to cut ties and move on.
(07:29):
So we you know, spent the lastbasically week posting, refining
our job description, getting reallyclear on what is important to us.
Doing some initial interviews andgetting into our second interviews.
And as we are recording thisright now, we have our new.
Transaction coordinator working inthe background and doing a three day
(07:52):
trial period for us at no cost to.
So we get to learn how he operatesand how he prioritizes tasks.
And we're just really excited to havemore help because our job is to, as
we grow in our business and as other.
(08:13):
Business folks or realtors arelistening to this as you grow, you
have to start delegating things.
And that can be hard because usuallyyou're going to, you're faster
at it than somebody else, right?
Sarah?
Like we could do the things that we justassigned to our new VA way faster, but.
The goal is to get them to be as fastor faster than we are so that we're
(08:35):
not focusing on mws, as my coach callsit, which are minimum wage activities.
So we are focusing on thethings that generate the sales
funnel that's important to us.
We're focusing on the things in ourlife that is, that are important to us.
And that's all about balancing businessgrowth and our personal life, and we
(08:57):
are keeping the business healthy sothat we can continue to keep our VA
busy and feeling successful as well.
I.
Yeah.
There is a lot to be said about thepros and cons of hiring someone from the
Philippines and, we can share a littlebit about why we like to do this, and
(09:19):
then also some of the considerationswhere there can be some negatives as well.
And, these are things we acknowledgein our hiring and interview process,
but the pros for us outweigh the cons.
And the pros are, I think, primarily that.
By hiring someone in the Philippines,we can afford as a business
to have a full time employee.
This person can focus all of their timeand energy on us, versus hiring someone
(09:44):
local who costs 2, 3, 4 times the amountper hour who we could only potentially
afford for a couple hours a week andwouldn't get the same level of service.
Also, if you've ever met anyonefrom the Philippines, my general
experience has been that they're.
Extremely kind, warm,grateful, gracious humans.
(10:05):
I'm obviously generalizing here,but this is my experience with the
limited experience that I have.
And it feels really good to beworking with people who genuinely
want to support you and your businessand who are, who were making such
a significant impact in their life.
And what their goals are because, partof the way we lead is through teamwork.
(10:29):
I actually told someone yesterday on aninterview, specifically, if we hire you,
one rule specifically would be that youdon't call me your boss because we work
we work in cooperation more than that.
And I understand that's, thehierarchy that they're used to,
but that's just not how we operate.
Those are really the biggest cons.
It's, for me, it's, sorry, pros.
For me it's a feel,it's a feel good thing.
(10:50):
We're able to provide, likesignificantly provide for people.
And it's mutuallybeneficial for everybody.
I would say the biggest cons are thefact that it's not a super developed area
and they are, in terms of infrastructureand they are susceptible to.
Severe weather events like typhoons andoftentimes our help from virtual systems
(11:12):
are unable to work because of internetconnectivity issues or electric issues.
So these are questions we ask in theinterview process, how they how they're
prepared to deal with those eventsin in the event that they happen.
Yeah, that's, I would say thoseare probably the biggest cons.
Can you think of another cons?
Sometimes the languagebarrier can be a challenge.
(11:33):
And that's a componentof our interview process.
We do it's important to us that theyspeak fluent English and fluency can
take a lot of, shapes and sounds right.
So that's also part of our processis just making sure that we all can
communicate efficiently together.
And but I will say overall our experiencewith everyone that we've interviewed
(11:58):
and the VAs that we have hired has beenreally good and easy communication.
So it is a win-win across the boardand we're excited to have some
more help to keep our business.
Growing and flowing.
Heck yeah.
So why do wholesalers
bring us the deals?
Suzanne?
What?
(12:18):
What do you think?
Yes, so we, I talked about thisbriefly at the intro, and I think
wholesalers come to us becausethey know we have a lot of buyers.
They know that we are not only tappedinto the investor community, we.
Are the investor community, and ifthere's someone out there that's gonna
(12:39):
buy this deal off of a wholesaler,we probably know them and can help
facilitate a conversation between peoplethat may or may not know each other.
Bend is still central.
Oregon is still a smallplace, but big enough that.
Everyone doesn't know everybody, butwe are this central hub of bringing
(13:02):
together the key players in theinvesting space in central Oregon.
So it certainly feels a vote ofconfidence for us, which is fabulous.
We love that and we love helpingpeople make deals together.
And also being able tohave that as a future.
(13:24):
Pipe, in our pipeline as a future listing.
So essentially, whilewe are not officially.
Representing any party in thiswholesaler to flipper transaction,
we know that if it goes through, wewill have the listing on the backend.
So it's a great way for us to keep keepthings rolling and also knowing that
(13:49):
the flippers trust us to give them solidadvice about a RV repair estimates.
Market timing and all of that isreally validating for what we do.
Yeah, no it's just speaks to I think,our primary roles as connectors.
And then yeah, just also speaksto the next thing that we're
(14:11):
gonna talk about, which is yeah,just the power of trust, right?
So people know that we've gotconnections and we, the people that we.
Connect people with, have vettedare legit are experienced and
will actually follow through onwhat they say they're going to do.
So for buyers and sellers who actuallytake our guidance this matters, right?
(14:33):
For two different reasons.
I'm gonna give you twoexamples from this week.
One.
Like I said, we just submitted anoffer for what's currently the least
expensive home on the west side.
These.
These folks are not super experiencedin purchasing real estate.
They are definitely de dependingon our guidance from, start to
finish explaining to them about howeverything works in terms of offer and
(14:57):
deadlines and contingencies and wherethe way we constructed this offer.
Their primary goal was to get itfor a certain price, which is.
Somewhat significantly lowerthan the current asking price.
And part of that offer is them sayingthat they're going to use inspections
for informational purposes only.
(15:17):
And in this case that makes sensefor these folks because they
actually come from a constructionbackground, people who build homes.
Who have development.
So they in the process are goingto have experienced eyes that they
trust in addition to potentiallya home inspector on this home.
But in exchange, the seller gets to feellike, wow, this is going to be an easy
(15:39):
transaction because I know my buyersaren't going to ask me for any repairs.
And so that's the seller's concessionfor potentially accepting a lower
purchase price than they have it.
Advertised for now in terms ofsellers taking our guidance.
We've got this, a pretty, prettybig listing coming up in Redmond.
(15:59):
It's 20 acres and ashort term rental home.
And this is one we talked a littlebit about last week where we're
taking on this listing, which was.
Previously a stale listing wheremeaning it's been on the market for,
over a hundred days and really justhadn't been done The justice that it
needs to in terms of the property andthe seller is listening to me in terms
of I'm outlining a number of thingsfor them that they actually need to
(16:22):
invest in, spend money on in orderto bring this property up to speed.
To sell for the price that theywanna get, and also just really
even get people through the door.
And no one's ever told them to do this.
And by these people listening tous and taking our guidance, we are
helping them achieve their goals.
We're first listening to what their goalsare we're helping them problem solve
(16:43):
and we're providing them with solutions.
These are powerful thingsand these are big decisions.
It's a lot of money involved.
But I. People feel safe with usand trust us and our opinions,
and we have a lot of success.
Yes.
And the guidance that we give is.
(17:04):
Rooted in a lot of experience.
So I think that's important.
We're not just making the step up on thefly, the guy, we're, we have a lot of past
history to reflect on and include in ourapproach, and that's why our buyers and
(17:26):
sellers are winning in any kind of market
Okay, so now we're onto ourclient and industry PSA.
We'll start with our industry one.
We had a. Buyer's agent reachedout to us yesterday about our condo
listing that we just marked pending.
She wanted to know if our buyerswere sorry, if our sellers
(17:50):
were accepting backup offers.
I said certainly would love to have one.
Here are some specifics that I knowwill need to be in this contract.
Heard from her a little bit later.
Hey, if my buyer writes you an offer.
Stronger than the offer that you have,meaning like a higher purchase price,
potentially higher interest rate, becausethis is a seller carry financing deal.
(18:12):
Would your seller be open tobumping their current buyer
and accepting my buyer's offer?
And I was like, interesting.
That's an interesting idea.
My response was I am sure I couldprobably find a way that this.
Particular buyer that we currentlyhave is in breach of contract.
(18:33):
Their contracts were not perfect.
Their buyer's agent has not beenfully showing up to do his job.
In terms of timelines and details Idon't think our sellers are going to
wanna play dirty that the, at thispoint, I think the only option is to
submit an offer for a backup offer.
And it really just got methinking because I also.
I'm, I was also just curious withthis question is there something
(18:55):
that I didn't know about here?
Is there something thatI'm overlooking but.
The PSA here is like when your seller isunder contract, they're under contract.
They really have no way toget out of their contract
unless the buyer is negligent.
And unless the buyer is inbreach of contract in some way.
And that's why I said I'm sure ifI tried hard enough I could dig up
(19:15):
away and we could start this fight,but again, this is a small town.
This is a small community.
Why?
Like I just, I, we justdon't play dirty basically.
Is the way that, that is.
I appreciate the question.
I truly do.
And I ap I appreciate theaudacity of the question and
the directness of the question.
Keep those questions coming all day longand I'm here to, we're here to represent
(19:36):
our sellers to the best of our abilityand get them the best price possible,
but not when it comes to playing dirty.
Yes.
And the reason that there's thepotential of multiple offers on
this condo is because our sellerstook our guidance and just like
we were talking about earlier, we.
(19:59):
Talk to them about the benefits ofdoing a wrap and selling their property
on seller financing and leveragingthe two assets that they have here.
The first asset they haveis the property itself.
The second asset is their sub 3% interest.
Mortgage on the property, that givesthem a way to wrap that, sell it at
(20:25):
a higher interest rate, so they makemoney on the spread between their
interest rate and what they're charging.
These new buyers and I. That wasthe first line in our listing
description was the seller financeterms that were smoking deal for any
buyer and got a lot of attention.
(20:46):
And these first buyers were, theywere on it, they were ready to
go, and they snagged the deal.
So we are excited when oursellers take our advice and see
the results of a smart strategy.
So our client, PSA is timely.
(21:07):
So if you're watching this afterMarch 21st, this is going to still
apply but be slightly less pressing.
And that is that many of us asreal estate investors have LLCs.
We have registered businesses thatare holding companies for our real
(21:27):
estate investments, and there is.
Somewhat new requirements to register yourinformation, your beneficial ownership
information with the federal government.
This is new as of.
This year it has gone back and forthin terms of whether it is legal and
(21:51):
ultimately where it stands today wedon't know if it'll change tomorrow, is
that you have to register the beneficialinformation of all the owners of the LLC.
So the federal government knows whoowns these LLCs, and this is really,
off-putting to a lot of investorsbecause part of the reason we get LLCs
(22:13):
is to have anonymity and this totallytakes away the whole anonymity piece
of having real estate held in an LLC.
So people do not like this generally.
A lot of people were hopingthat the new administration
would kibosh this whole idea.
But so far that is a, an EPT promise.
(22:35):
And so we are still having to do this.
And if you're just like me,like me, I haven't done it.
I have like more than 10 LLCsthat I have to do this for.
I'm waiting until thelast minute on purpose.
But if you don't do it, they'recharging $500 a day in fines.
(22:56):
So they mean business.
I think it's lame.
A lot of people think that it's lameand some people just don't care.
What the government says is that it'sall about reducing money laundering
and terrorism, which are great goals.
I don't know that this is reallythe way to accomplish that, but.
(23:17):
We'll play along.
Yeah, I
don't want that $500 a day charge.
No, thank you.
So yeah, for existing LLCs, thedeadline's March 21st, 2025, and for
new entities moving forward, you have90 days to get this registration done.
So there's the alerts.
Hopefully you won't get a bill
in the mail and you can pay someoneto do these things for you if you
(23:39):
have a registered agent who receives.
Notices on your behalf for your LLC.
That is another way to get thisaccomplished if you don't have the
time or desire to do it yourself.
We're onto our highs and lows ofthe week, our win of the week.
I think this is an easy oneto call out guys, right?
(24:01):
We've got help.
Heck yeah.
We've called in more help, which is great.
That just means that we're busyand hopefully we're doing it in a
timely way before we get real, realcrazy for the rest of the year.
So we've hired our new VA fromthe Philippines, and we love this
model for scaling, and we wouldhighly recommend anybody who needs.
(24:23):
Any kind of like administrativehelp marketing help in their
real estate business to, todefinitely explore hiring someone
as a virtual assistant.
100% challenge of the week.
is it's been a tough week for me.
I've had a family emergency.
Basically since our last podcast recordingthat we've been dealing with, it's
(24:48):
been really emotional and draining andhard to stay focused and really give
this the same amount of attention to mywork as I would when things are normal.
So just appreciate having a team, and thisis also why it's so important to have.
(25:08):
Good communication to have a businesspartner, to have someone who can pick
up the pieces when we're falling apart.
What we're grateful for this weekare creative sellers, people who
are willing to listen on how.
Offering alternatives thatare maybe not conventional can
actually be a benefit to them.
(25:30):
A lot of people when we starttalking about things like creative
financing, just put their ear muffson or just give you the blank stare.
But truly having people who are willingto listen has proven to make deals
work as a win-win for all parties.
So we are grateful for people whoare willing to listen and learn.
(25:50):
Our funny real estate moment of the week.
Now we are layering somemore things on what's new.
We are helping a colleague launcha. Real estate newsletter for
her property management business.
We're doing a collaboration newsletterwith her that's really just an
educational based newsletter.
(26:11):
And I had a little meeting withher yesterday to sync up on what.
What needs to be refined before moving on.
And I really had to help her breakthrough the fear of just sending it out.
She has been saying for the longest time,I want to do this, I want to do this.
And we've put it all togetherfor her on a silver platter.
(26:32):
And she's scared and I had togiggle at her and I had to call out
like, Hey, I really think you'reoverthinking this situation and how
people are going to react to this.
I see it as only a positive thing.
We have to acknowledge that, somethings aren't for everybody and
that's always going to be the case.
And really had to remind her that a 5%open rate on an email is a good thing.
(26:54):
We're helping her work through that.
And just.
I just had to giggle at her pauseher hesitancy in sending out
something that just is normal for us.
We send out weekly newsletters,monthly newsletters.
We do this all day long andeven just sending the first one
for her as a challenge, here.
Glad we can help
her.
And I can totally relate to that.
(27:16):
Maybe it's those of us who comefrom the corporate world, there's
a lot on the line when you sendthose emails, you can't unsend them.
And they, I. They can be tricky.
And I think also for those of us whomaybe suffer from perfectionism or
we're in the process of overcomingthat personality trait, this is a very
(27:38):
clear sign of perfectionism and lettingperfect get in the way of good enough.
So yeah, I've been there and Ihave persevered thanks to people
like Sarah who are just like.
What's the big deal?
Just send it already.
No, I love it.
(27:58):
You called it out.
I do think it's a little bit ofcorporate trauma happening there
totally.
Which, yes.
All right.
Hard lesson learned.
We talked about this alittle at the beginning.
A lot of folks whobought during the covid.
Spike, which basically ended in August of2023, are in negative equity positions.
(28:20):
And if you want non-real speak forwhat that means, they're underwater.
They owe more on thehouse than it's worth.
And this is reminiscent of thehousing crash days that experience.
But it's not.
Happening on the same level that itdid, or for the same reasons that
it did during the housing crash.
(28:41):
So do not take this as our predictionfor a housing crash because
it, we do not see that coming.
But there are a lot of people who overpaidwhen they just wanted to get in the market
and things were bananas with tons of offmultiple offers, offers over asking and.
(29:01):
Appraisal waivers and all kinds of stuff.
So we had buyers reach out aboutselling because their STR isn't
performing the way they want it to.
They're self-managing andthey're just kinda over it.
So we are using our creative skillset andour creative network to help them come
(29:22):
up with some alternative solutions toessentially make lemonade out of lemons.
They.
Don't wanna write a check to sell theirhouse, but they certainly are fine
making nothing on this investment, eventhough it hasn't even broken even for
very many months of their ownership.
(29:45):
So that's where we get creativeand call in the folks that we know
and the skills that we have to,turn the situation around, and
give them some compelling options.
Totally.
Speaking of people who don't wantto, who don't wanna lose money on
their investments, I'm in that boat.
(30:06):
And that brings us to ourpersonal investing and
portfolio updates for the week.
And I woke up to a full priceconventional offer in my.
Email inbox this morningfor the fourplex that I have
listed for sale by owner in St.
Louis.
So pretty stoked on that.
(30:26):
I reviewed that offer early this morningand did some rough math and even paying
the buyers, buyer's agents commissionof 3%, we are still looking at netting
$14,000 on a $50,000 investment thatwe've had for a year and a half.
Now, does that take away fromthe stress, the gray hair, the
(30:47):
headaches, that have gone along withit over the past year and a half?
No.
But it does mean that if thissale does go through that.
We're not gonna be writing acheck to somebody to sell a
place that we want to get rid of.
Pretty excited about that.
Of course, the downside of selling aproperty conventionally meaning just
(31:08):
on market to a buyer who's representedis that we have contingencies,
like the inspection contingency.
So there, there will be a fullinspection on this property and.
Walkthroughs and the buyer willget to decide during that time
whether they want to purchase theproperty based on those findings.
But it's fast close.
It's, they've got it listed,they've got it closing April 14th.
(31:29):
And it's a pretty clean offer, so I'msuper stoked to at least entertain it.
And then we've also got a.Subject to offer in our back
pocket if we want it as well.
That one I'm not nearly as excited about.
Really the only thing we would walk awayfrom that in the short term is a $15,000
check as they have it offered, and thenthey're offering us over our asking price.
But they're giving us a seven year, sevenyear terms and 0% interest on our equity.
(31:53):
So it's just a blah offer that's notvery exciting or beneficial to us.
But, something that I wouldpotentially consider if I can.
I've made, I've countered backon those terms a little bit.
So to see if they'll.
They'll entertain that in the background.
Other than that, got somelisting photos done for our
Northeast Bend house yesterday.
(32:14):
And I get to get that listedfor rent on Zillow this week.
And excited about that just because I'vebeen in this mode where I'm like, no, you
can't move that piece of furniture yet.
It needs to be staged, so on and so forth.
So happy to just be able to live inour house a little bit more and really
start, the moving process, which ishappening next week to a third of a house.
We've got two floors outta threeto totally turn up, turn torn up,
(32:35):
and our family's moving into a onebedroom apartment on the main level.
So it's gonna be a fun transition.
Oh, I love that, Sarah, because it's fun.
It's like a new experience.
It can feel like camping or justhaving, yeah, like a different
family experience together.
And I think it'll be really fun.
(32:56):
I'm so
stoked on it,
Suzanne.
I'm like, I'm definitelymy own hype person in this.
Like I've, but I've gotta stay positivefor everybody, like I'm definitely am
like keeping the positive energy up.
'cause Matthew's a lot moreskeptical than I am, but he is had
a positive attitude shift this week?
I think so.
We're doing good.
It's hard not to feel good atthat house to be totally honest.
It's a pretty magical place
yes.
And we're moving into spring, eventhough I know there's snow on the ground.
(33:20):
And so like you can beliving outside more, right?
Like the kids could be in a tent inthe backyard and so tons of options to
make it fun and feel like an adventureinstead of, a dreaded experience.
Exactly.
I've gotten in the river twicethis past week, which is so fun.
From my backyard.
(33:40):
Oh my
gosh.
I know.
So rad.
Ugh.
My updates, everything's prettysteady on the investment properties.
We did have a tenant, we're gonnahave a tenant turnover at one of
our places in Three Rivers in Bendat the end of May, which is normal.
And Vine.
But really where I am getting a lot moremomentum and enjoying the process more is
(34:03):
my private money lending, and I'm gettingmore lending requests than I can fund.
So I have been really diligent increating, I came up with a tracker
of all the loans and requests and.
Things that are coming in and I'mevaluating based on my criteria and
(34:25):
getting more selective about which dealsI fund and what kind of returns I want.
And when I look at the numbersoverall, right now we're getting
an annualized return of 25%.
So yeah.
Not bad.
I just like Suzanne.
I am, I just cannot waitto jump on that train.
(34:47):
Just so you know, I'm, give metill like October, and then I'll,
I'm gonna, I'm gonna be ridingthat train hard, so very excited.
Can't wait to learn from you.
All right, let's wrap this up.
We know from this episodethat Spring Energy is here.
Early in this Snowy Bend market.
(35:07):
Our buyers, sellers, and investorsare awake and ready to make
moves what do you need to know?
You need to know if you are anagent in this market, you've got
us here to help with guidance.
We have a mentorship programhere at our brokerage.
Get in touch with us about that.
Or if you are looking to buy orsell, this is the time to reach
(35:29):
out because things are definitelymoving faster than you think.
Or if you wanna learn more about investingin general, that's where you wanna get
connected with the Central Oregon InvestorNetwork and you want to subscribe to
our YouTube channel and follow us onall of our channels for weekly insights.
And monthly meetups where we talkabout all kinds of real estate topics.
(35:52):
And tomorrow's meeting is all aboutsharing my experience of kicking corporate
and ditching the nine to five so thatI can have a life like this where I
join you from the Baja Camper and I getto play pickleball in the morning and
show up on my podcast in my pickleballclothes, which is pretty darn cool.
(36:14):
It's not a bad life, that's for sure.
So if you're enjoying thepodcast, please subscribe.
Leave us a review DMS on Instagram.
I'm at Best Life, Bend orSuzanne's at Suzanne Rosemore.
And let us know what more, whattopics you want to hear more about
and we'll see on the next episode.
Talk to you guys soon.
(36:35):
Thanks for tuning into this Suzanne andSarah Real Estate Investing podcast.
If you enjoy this episode, then subscribeand leave us a review because your
feedback helps us reach people like youwho are ready to elevate their lives.
Don't forget to share this episodewith someone who's passionate about
real estate or personal growth.
And for more tips, resources andupdates, follow us on Insta or visit us
(36:58):
at central Oregon investor network.com.
And remember.
You have the power to designthe life you want, one real
estate investment at a time.
See you next week.
Welcome to the Suzanne and Sarah RealEstate Investing podcast, where strategy
meets hustle and your real estate goalsturn into reality where Suzanne and Sarah
Investors agents and your go-to teamfor smart strategies, honest insights,
and plenty of laughs along the way.
(00:21):
Whether you're flipping, renting, orjust starting out, we're here to help
you invest smarter and live better.
So let's dive in because thebest time to invest is now.
Hello everyone.
Welcome back to the Suzanne andSarah Real Estate Investing podcast.
We are back with you this week because,well, it may look like winter outside.
(00:45):
In most places in the real estateworld, it still feels like spring.
And spring is full of energy, lots ofactivity and people ready to make moves.
So we are seeing.
The good deals move really fast.
In fact, a number of the places that wehave slated to share in our weekly top
(01:07):
picks email have already gone pendingbefore we can even tell you about them.
So that just goes to show thatpeople are on the hunt and
swooping those great deals.
We're starting to seemultiple offers again and.
We also saw a lot of investoractivity in February.
So we expect that to continue, not quiteto the same proportions, but as we get
(01:30):
into the spring months, it gets busy,busy, busy in real estate, which is
what we love and why we're hiring help.
So today we'll talk to you about breakingdown a little bit about what that means
for you if you were a buyer, what thatmeans for you if you are a seller.
How to navigate the busy hypeof Spring as an investor.
(01:54):
Love it.
Here we go.
So now we're gonna talk about whatwe talk about every week, which is
our market and business updates.
What's happening in our specificworld of Suzanne and Sarah Real
estate and the bend market right now.
We have new listings coming upfor you in the next few weeks.
I was at one of our Southeast Bend homelistings coming in the market yesterday,
(02:17):
getting the Home Energy score completed,which if you don't know if you're
listing a home within the city limitsof bend, a home energy score inspection
is required before you list your homes.
I got to meet.
The tenant yesterday andbuild rapport with her.
Lots to be said about that.
And just really getting myeyes on this property and
(02:38):
around this property so I can.
Fully absorb what's happening thereand be prepared for listing photos and
getting the listing up on the marketat the end of next week to go active.
Also this past weekend we listed a shortterm rental condo down in Sun River.
And we already have that under contractand potentially a backup offer coming.
(03:02):
We've got lots of new investorsreaching out to us this week who.
Have some sort of connection to Bend,have been here before and wanna just
really get their foot back in the doorin this market and make sure that they
continue to grow with this market.
And then also just takeadvantage of the lifestyle here.
One reason why so many people like tocome to Bend and invest here, we got an
(03:25):
offer submitted for the least expensivehome listed in Northwest Bend right now.
And take it away serious.
What else?
All right, so we're alsohelping some of our covid buyers
make lemonade out of lemons.
We'll talk to you about some of thefirst clients who have come to us
(03:46):
who have negative equity and how ourcreative approach is helping them
come up with some solutions that couldactually net them some money, and.
Instead of them writinga check at closing.
And finally, really interesting, youknow, we have so many investors in
our network and sometimes they findoff market deals that they don't
(04:09):
necessarily want to keep themselves.
So we are bringing people togetherso that our wholesalers and
our flippers are connecting andeverybody is winning in the process.
It's super rewarding to do stufflike this, and I'm just gonna say
this right now, you do not get thatwith a typical real estate agent.
(04:32):
So what?
What Sarah and I do is aboveand beyond and so cool and fun
and rewarding for everybody.
So we love it.
We love our creative stuff.
Yeah.
Staying busy, you might ask orwonder how we keep it all together.
Balancing our business growthand our personal life is not for.
(04:54):
Not for the weak, right?
Not for the faint of heart.
Not for the faint of heartis what I'm trying to say.
Because both of these things are reallyimportant to us, and while we grow
our business, we also have to keepour personal life in check as well.
And so we're gonna share with youguys a little bit today about how
we focus in on that specific skill.
(05:15):
So our key discussion pointsthis week on that topic are
going to be about hiring our new.
Virtual assistant who is in thiscase, our new transaction coordinator,
we're gonna talk about why we chosethem and how this, affects our
day-to-day work life and balance.
We wanna talk to you about why wholesalersbring us deals first, because we've
(05:36):
built these relationships in the industrythat lead to connecting people, right?
And helping facilitate some ofthese more unique off market deals.
And finally, the powerof trust in real estate.
Buyers and sellers actually take ourguidance because we have experience
and we know how to communicate clearlyand why that makes all the difference.
(06:01):
Yes.
So let's just dive into the first topic,which is hiring our new virtual, but
very real transaction coordinator.
And what we can say about this is roundtwo for our transaction coordinator.
We had one that we hired in Augustof last year, and we were too nice.
(06:23):
We had.
I, she was very skilled, super fast.
Dove right in and we, reallyvalued that speed and efficiency.
However, her reliability andattendance was lackluster.
Just for example, we probably shouldhave known on day two when she didn't
(06:43):
show up a no call, no show, as they say.
And we were just like,whoa, day one was amazing.
What happened?
Where did she go?
But that just set the tone almostfor the rest of her time with us and.
And we were so busy that we didn'tfeel like we had time to start all
(07:05):
over again and interview and you know,like put another job description out,
interview, hire, train, blah, blah, blah.
So we just let it ride untilit just got to be too much.
And many of the things that happened withthat transaction coordinator that impacted
her attendance were out of her control.
For that, but ultimately had to make thehard decision to cut ties and move on.
(07:29):
So we you know, spent the lastbasically week posting, refining
our job description, getting reallyclear on what is important to us.
Doing some initial interviews andgetting into our second interviews.
And as we are recording thisright now, we have our new.
Transaction coordinator working inthe background and doing a three day
(07:52):
trial period for us at no cost to.
So we get to learn how he operatesand how he prioritizes tasks.
And we're just really excited to havemore help because our job is to, as
we grow in our business and as other.
(08:13):
Business folks or realtors arelistening to this as you grow, you
have to start delegating things.
And that can be hard because usuallyyou're going to, you're faster
at it than somebody else, right?
Sarah?
Like we could do the things that we justassigned to our new VA way faster, but.
The goal is to get them to be as fastor faster than we are so that we're
(08:35):
not focusing on mws, as my coach callsit, which are minimum wage activities.
So we are focusing on thethings that generate the sales
funnel that's important to us.
We're focusing on the things in ourlife that is, that are important to us.
And that's all about balancing businessgrowth and our personal life, and we
(08:57):
are keeping the business healthy sothat we can continue to keep our VA
busy and feeling successful as well.
I.
Yeah.
There is a lot to be said about thepros and cons of hiring someone from the
Philippines and, we can share a littlebit about why we like to do this, and
(09:19):
then also some of the considerationswhere there can be some negatives as well.
And, these are things we acknowledgein our hiring and interview process,
but the pros for us outweigh the cons.
And the pros are, I think, primarily that.
By hiring someone in the Philippines,we can afford as a business
to have a full time employee.
This person can focus all of their timeand energy on us, versus hiring someone
(09:44):
local who costs 2, 3, 4 times the amountper hour who we could only potentially
afford for a couple hours a week andwouldn't get the same level of service.
Also, if you've ever met anyonefrom the Philippines, my general
experience has been that they're.
Extremely kind, warm,grateful, gracious humans.
(10:05):
I'm obviously generalizing here,but this is my experience with the
limited experience that I have.
And it feels really good to beworking with people who genuinely
want to support you and your businessand who are, who were making such
a significant impact in their life.
And what their goals are because, partof the way we lead is through teamwork.
(10:29):
I actually told someone yesterday on aninterview, specifically, if we hire you,
one rule specifically would be that youdon't call me your boss because we work
we work in cooperation more than that.
And I understand that's, thehierarchy that they're used to,
but that's just not how we operate.
Those are really the biggest cons.
It's, for me, it's, sorry, pros.
For me it's a feel,it's a feel good thing.
(10:50):
We're able to provide, likesignificantly provide for people.
And it's mutuallybeneficial for everybody.
I would say the biggest cons are thefact that it's not a super developed area
and they are, in terms of infrastructureand they are susceptible to.
Severe weather events like typhoons andoftentimes our help from virtual systems
(11:12):
are unable to work because of internetconnectivity issues or electric issues.
So these are questions we ask in theinterview process, how they how they're
prepared to deal with those eventsin in the event that they happen.
Yeah, that's, I would say thoseare probably the biggest cons.
Can you think of another cons?
Sometimes the languagebarrier can be a challenge.
(11:33):
And that's a componentof our interview process.
We do it's important to us that theyspeak fluent English and fluency can
take a lot of, shapes and sounds right.
So that's also part of our processis just making sure that we all can
communicate efficiently together.
And but I will say overall our experiencewith everyone that we've interviewed
(11:58):
and the VAs that we have hired has beenreally good and easy communication.
So it is a win-win across the boardand we're excited to have some
more help to keep our business.
Growing and flowing.
Heck yeah.
So why do wholesalers
bring us the deals?
Suzanne?
What?
(12:18):
What do you think?
Yes, so we, I talked about thisbriefly at the intro, and I think
wholesalers come to us becausethey know we have a lot of buyers.
They know that we are not only tappedinto the investor community, we.
Are the investor community, and ifthere's someone out there that's gonna
(12:39):
buy this deal off of a wholesaler,we probably know them and can help
facilitate a conversation between peoplethat may or may not know each other.
Bend is still central.
Oregon is still a smallplace, but big enough that.
Everyone doesn't know everybody, butwe are this central hub of bringing
(13:02):
together the key players in theinvesting space in central Oregon.
So it certainly feels a vote ofconfidence for us, which is fabulous.
We love that and we love helpingpeople make deals together.
And also being able tohave that as a future.
(13:24):
Pipe, in our pipeline as a future listing.
So essentially, whilewe are not officially.
Representing any party in thiswholesaler to flipper transaction,
we know that if it goes through, wewill have the listing on the backend.
So it's a great way for us to keep keepthings rolling and also knowing that
(13:49):
the flippers trust us to give them solidadvice about a RV repair estimates.
Market timing and all of that isreally validating for what we do.
Yeah, no it's just speaks to I think,our primary roles as connectors.
And then yeah, just also speaksto the next thing that we're
(14:11):
gonna talk about, which is yeah,just the power of trust, right?
So people know that we've gotconnections and we, the people that we.
Connect people with, have vettedare legit are experienced and
will actually follow through onwhat they say they're going to do.
So for buyers and sellers who actuallytake our guidance this matters, right?
(14:33):
For two different reasons.
I'm gonna give you twoexamples from this week.
One.
Like I said, we just submitted anoffer for what's currently the least
expensive home on the west side.
These.
These folks are not super experiencedin purchasing real estate.
They are definitely de dependingon our guidance from, start to
finish explaining to them about howeverything works in terms of offer and
(14:57):
deadlines and contingencies and wherethe way we constructed this offer.
Their primary goal was to get itfor a certain price, which is.
Somewhat significantly lowerthan the current asking price.
And part of that offer is them sayingthat they're going to use inspections
for informational purposes only.
(15:17):
And in this case that makes sensefor these folks because they
actually come from a constructionbackground, people who build homes.
Who have development.
So they in the process are goingto have experienced eyes that they
trust in addition to potentiallya home inspector on this home.
But in exchange, the seller gets to feellike, wow, this is going to be an easy
(15:39):
transaction because I know my buyersaren't going to ask me for any repairs.
And so that's the seller's concessionfor potentially accepting a lower
purchase price than they have it.
Advertised for now in terms ofsellers taking our guidance.
We've got this, a pretty, prettybig listing coming up in Redmond.
(15:59):
It's 20 acres and ashort term rental home.
And this is one we talked a littlebit about last week where we're
taking on this listing, which was.
Previously a stale listing wheremeaning it's been on the market for,
over a hundred days and really justhadn't been done The justice that it
needs to in terms of the property andthe seller is listening to me in terms
of I'm outlining a number of thingsfor them that they actually need to
(16:22):
invest in, spend money on in orderto bring this property up to speed.
To sell for the price that theywanna get, and also just really
even get people through the door.
And no one's ever told them to do this.
And by these people listening tous and taking our guidance, we are
helping them achieve their goals.
We're first listening to what their goalsare we're helping them problem solve
(16:43):
and we're providing them with solutions.
These are powerful thingsand these are big decisions.
It's a lot of money involved.
But I. People feel safe with usand trust us and our opinions,
and we have a lot of success.
Yes.
And the guidance that we give is.
(17:04):
Rooted in a lot of experience.
So I think that's important.
We're not just making the step up on thefly, the guy, we're, we have a lot of past
history to reflect on and include in ourapproach, and that's why our buyers and
(17:26):
sellers are winning in any kind of market
Okay, so now we're onto ourclient and industry PSA.
We'll start with our industry one.
We had a. Buyer's agent reachedout to us yesterday about our condo
listing that we just marked pending.
She wanted to know if our buyerswere sorry, if our sellers
(17:50):
were accepting backup offers.
I said certainly would love to have one.
Here are some specifics that I knowwill need to be in this contract.
Heard from her a little bit later.
Hey, if my buyer writes you an offer.
Stronger than the offer that you have,meaning like a higher purchase price,
potentially higher interest rate, becausethis is a seller carry financing deal.
(18:12):
Would your seller be open tobumping their current buyer
and accepting my buyer's offer?
And I was like, interesting.
That's an interesting idea.
My response was I am sure I couldprobably find a way that this.
Particular buyer that we currentlyhave is in breach of contract.
(18:33):
Their contracts were not perfect.
Their buyer's agent has not beenfully showing up to do his job.
In terms of timelines and details Idon't think our sellers are going to
wanna play dirty that the, at thispoint, I think the only option is to
submit an offer for a backup offer.
And it really just got methinking because I also.
I'm, I was also just curious withthis question is there something
(18:55):
that I didn't know about here?
Is there something thatI'm overlooking but.
The PSA here is like when your seller isunder contract, they're under contract.
They really have no way toget out of their contract
unless the buyer is negligent.
And unless the buyer is inbreach of contract in some way.
And that's why I said I'm sure ifI tried hard enough I could dig up
(19:15):
away and we could start this fight,but again, this is a small town.
This is a small community.
Why?
Like I just, I, we justdon't play dirty basically.
Is the way that, that is.
I appreciate the question.
I truly do.
And I ap I appreciate theaudacity of the question and
the directness of the question.
Keep those questions coming all day longand I'm here to, we're here to represent
(19:36):
our sellers to the best of our abilityand get them the best price possible,
but not when it comes to playing dirty.
Yes.
And the reason that there's thepotential of multiple offers on
this condo is because our sellerstook our guidance and just like
we were talking about earlier, we.
(19:59):
Talk to them about the benefits ofdoing a wrap and selling their property
on seller financing and leveragingthe two assets that they have here.
The first asset they haveis the property itself.
The second asset is their sub 3% interest.
Mortgage on the property, that givesthem a way to wrap that, sell it at
(20:25):
a higher interest rate, so they makemoney on the spread between their
interest rate and what they're charging.
These new buyers and I. That wasthe first line in our listing
description was the seller financeterms that were smoking deal for any
buyer and got a lot of attention.
(20:46):
And these first buyers were, theywere on it, they were ready to
go, and they snagged the deal.
So we are excited when oursellers take our advice and see
the results of a smart strategy.
So our client, PSA is timely.
(21:07):
So if you're watching this afterMarch 21st, this is going to still
apply but be slightly less pressing.
And that is that many of us asreal estate investors have LLCs.
We have registered businesses thatare holding companies for our real
(21:27):
estate investments, and there is.
Somewhat new requirements to register yourinformation, your beneficial ownership
information with the federal government.
This is new as of.
This year it has gone back and forthin terms of whether it is legal and
(21:51):
ultimately where it stands today wedon't know if it'll change tomorrow, is
that you have to register the beneficialinformation of all the owners of the LLC.
So the federal government knows whoowns these LLCs, and this is really,
off-putting to a lot of investorsbecause part of the reason we get LLCs
(22:13):
is to have anonymity and this totallytakes away the whole anonymity piece
of having real estate held in an LLC.
So people do not like this generally.
A lot of people were hopingthat the new administration
would kibosh this whole idea.
But so far that is a, an EPT promise.
(22:35):
And so we are still having to do this.
And if you're just like me,like me, I haven't done it.
I have like more than 10 LLCsthat I have to do this for.
I'm waiting until thelast minute on purpose.
But if you don't do it, they'recharging $500 a day in fines.
(22:56):
So they mean business.
I think it's lame.
A lot of people think that it's lameand some people just don't care.
What the government says is that it'sall about reducing money laundering
and terrorism, which are great goals.
I don't know that this is reallythe way to accomplish that, but.
(23:17):
We'll play along.
Yeah, I
don't want that $500 a day charge.
No, thank you.
So yeah, for existing LLCs, thedeadline's March 21st, 2025, and for
new entities moving forward, you have90 days to get this registration done.
So there's the alerts.
Hopefully you won't get a bill
in the mail and you can pay someoneto do these things for you if you
(23:39):
have a registered agent who receives.
Notices on your behalf for your LLC.
That is another way to get thisaccomplished if you don't have the
time or desire to do it yourself.
We're onto our highs and lows ofthe week, our win of the week.
I think this is an easy oneto call out guys, right?
(24:01):
We've got help.
Heck yeah.
We've called in more help, which is great.
That just means that we're busyand hopefully we're doing it in a
timely way before we get real, realcrazy for the rest of the year.
So we've hired our new VA fromthe Philippines, and we love this
model for scaling, and we wouldhighly recommend anybody who needs.
(24:23):
Any kind of like administrativehelp marketing help in their
real estate business to, todefinitely explore hiring someone
as a virtual assistant.
100% challenge of the week.
is it's been a tough week for me.
I've had a family emergency.
Basically since our last podcast recordingthat we've been dealing with, it's
(24:48):
been really emotional and draining andhard to stay focused and really give
this the same amount of attention to mywork as I would when things are normal.
So just appreciate having a team, and thisis also why it's so important to have.
(25:08):
Good communication to have a businesspartner, to have someone who can pick
up the pieces when we're falling apart.
What we're grateful for this weekare creative sellers, people who
are willing to listen on how.
Offering alternatives thatare maybe not conventional can
actually be a benefit to them.
(25:30):
A lot of people when we starttalking about things like creative
financing, just put their ear muffson or just give you the blank stare.
But truly having people who are willingto listen has proven to make deals
work as a win-win for all parties.
So we are grateful for people whoare willing to listen and learn.
(25:50):
Our funny real estate moment of the week.
Now we are layering somemore things on what's new.
We are helping a colleague launcha. Real estate newsletter for
her property management business.
We're doing a collaboration newsletterwith her that's really just an
educational based newsletter.
(26:11):
And I had a little meeting withher yesterday to sync up on what.
What needs to be refined before moving on.
And I really had to help her breakthrough the fear of just sending it out.
She has been saying for the longest time,I want to do this, I want to do this.
And we've put it all togetherfor her on a silver platter.
(26:32):
And she's scared and I had togiggle at her and I had to call out
like, Hey, I really think you'reoverthinking this situation and how
people are going to react to this.
I see it as only a positive thing.
We have to acknowledge that, somethings aren't for everybody and
that's always going to be the case.
And really had to remind her that a 5%open rate on an email is a good thing.
(26:54):
We're helping her work through that.
And just.
I just had to giggle at her pauseher hesitancy in sending out
something that just is normal for us.
We send out weekly newsletters,monthly newsletters.
We do this all day long andeven just sending the first one
for her as a challenge, here.
Glad we can help
her.
And I can totally relate to that.
(27:16):
Maybe it's those of us who comefrom the corporate world, there's
a lot on the line when you sendthose emails, you can't unsend them.
And they, I. They can be tricky.
And I think also for those of us whomaybe suffer from perfectionism or
we're in the process of overcomingthat personality trait, this is a very
(27:38):
clear sign of perfectionism and lettingperfect get in the way of good enough.
So yeah, I've been there and Ihave persevered thanks to people
like Sarah who are just like.
What's the big deal?
Just send it already.
No, I love it.
(27:58):
You called it out.
I do think it's a little bit ofcorporate trauma happening there
totally.
Which, yes.
All right.
Hard lesson learned.
We talked about this alittle at the beginning.
A lot of folks whobought during the covid.
Spike, which basically ended in August of2023, are in negative equity positions.
(28:20):
And if you want non-real speak forwhat that means, they're underwater.
They owe more on thehouse than it's worth.
And this is reminiscent of thehousing crash days that experience.
But it's not.
Happening on the same level that itdid, or for the same reasons that
it did during the housing crash.
(28:41):
So do not take this as our predictionfor a housing crash because
it, we do not see that coming.
But there are a lot of people who overpaidwhen they just wanted to get in the market
and things were bananas with tons of offmultiple offers, offers over asking and.
(29:01):
Appraisal waivers and all kinds of stuff.
So we had buyers reach out aboutselling because their STR isn't
performing the way they want it to.
They're self-managing andthey're just kinda over it.
So we are using our creative skillset andour creative network to help them come
(29:22):
up with some alternative solutions toessentially make lemonade out of lemons.
They.
Don't wanna write a check to sell theirhouse, but they certainly are fine
making nothing on this investment, eventhough it hasn't even broken even for
very many months of their ownership.
(29:45):
So that's where we get creativeand call in the folks that we know
and the skills that we have to,turn the situation around, and
give them some compelling options.
Totally.
Speaking of people who don't wantto, who don't wanna lose money on
their investments, I'm in that boat.
(30:06):
And that brings us to ourpersonal investing and
portfolio updates for the week.
And I woke up to a full priceconventional offer in my.
Email inbox this morningfor the fourplex that I have
listed for sale by owner in St.
Louis.
So pretty stoked on that.
(30:26):
I reviewed that offer early this morningand did some rough math and even paying
the buyers, buyer's agents commissionof 3%, we are still looking at netting
$14,000 on a $50,000 investment thatwe've had for a year and a half.
Now, does that take away fromthe stress, the gray hair, the
(30:47):
headaches, that have gone along withit over the past year and a half?
No.
But it does mean that if thissale does go through that.
We're not gonna be writing acheck to somebody to sell a
place that we want to get rid of.
Pretty excited about that.
Of course, the downside of selling aproperty conventionally meaning just
(31:08):
on market to a buyer who's representedis that we have contingencies,
like the inspection contingency.
So there, there will be a fullinspection on this property and.
Walkthroughs and the buyer willget to decide during that time
whether they want to purchase theproperty based on those findings.
But it's fast close.
It's, they've got it listed,they've got it closing April 14th.
(31:29):
And it's a pretty clean offer, so I'msuper stoked to at least entertain it.
And then we've also got a.Subject to offer in our back
pocket if we want it as well.
That one I'm not nearly as excited about.
Really the only thing we would walk awayfrom that in the short term is a $15,000
check as they have it offered, and thenthey're offering us over our asking price.
But they're giving us a seven year, sevenyear terms and 0% interest on our equity.
(31:53):
So it's just a blah offer that's notvery exciting or beneficial to us.
But, something that I wouldpotentially consider if I can.
I've made, I've countered backon those terms a little bit.
So to see if they'll.
They'll entertain that in the background.
Other than that, got somelisting photos done for our
Northeast Bend house yesterday.
(32:14):
And I get to get that listedfor rent on Zillow this week.
And excited about that just because I'vebeen in this mode where I'm like, no, you
can't move that piece of furniture yet.
It needs to be staged, so on and so forth.
So happy to just be able to live inour house a little bit more and really
start, the moving process, which ishappening next week to a third of a house.
We've got two floors outta threeto totally turn up, turn torn up,
(32:35):
and our family's moving into a onebedroom apartment on the main level.
So it's gonna be a fun transition.
Oh, I love that, Sarah, because it's fun.
It's like a new experience.
It can feel like camping or justhaving, yeah, like a different
family experience together.
And I think it'll be really fun.
(32:56):
I'm so
stoked on it,
Suzanne.
I'm like, I'm definitelymy own hype person in this.
Like I've, but I've gotta stay positivefor everybody, like I'm definitely am
like keeping the positive energy up.
'cause Matthew's a lot moreskeptical than I am, but he is had
a positive attitude shift this week?
I think so.
We're doing good.
It's hard not to feel good atthat house to be totally honest.
It's a pretty magical place
yes.
And we're moving into spring, eventhough I know there's snow on the ground.
(33:20):
And so like you can beliving outside more, right?
Like the kids could be in a tent inthe backyard and so tons of options to
make it fun and feel like an adventureinstead of, a dreaded experience.
Exactly.
I've gotten in the river twicethis past week, which is so fun.
From my backyard.
(33:40):
Oh my
gosh.
I know.
So rad.
Ugh.
My updates, everything's prettysteady on the investment properties.
We did have a tenant, we're gonnahave a tenant turnover at one of
our places in Three Rivers in Bendat the end of May, which is normal.
And Vine.
But really where I am getting a lot moremomentum and enjoying the process more is
(34:03):
my private money lending, and I'm gettingmore lending requests than I can fund.
So I have been really diligent increating, I came up with a tracker
of all the loans and requests and.
Things that are coming in and I'mevaluating based on my criteria and
(34:25):
getting more selective about which dealsI fund and what kind of returns I want.
And when I look at the numbersoverall, right now we're getting
an annualized return of 25%.
So yeah.
Not bad.
I just like Suzanne.
I am, I just cannot waitto jump on that train.
(34:47):
Just so you know, I'm, give metill like October, and then I'll,
I'm gonna, I'm gonna be ridingthat train hard, so very excited.
Can't wait to learn from you.
All right, let's wrap this up.
We know from this episodethat Spring Energy is here.
Early in this Snowy Bend market.
(35:07):
Our buyers, sellers, and investorsare awake and ready to make
moves what do you need to know?
You need to know if you are anagent in this market, you've got
us here to help with guidance.
We have a mentorship programhere at our brokerage.
Get in touch with us about that.
Or if you are looking to buy orsell, this is the time to reach
(35:29):
out because things are definitelymoving faster than you think.
Or if you wanna learn more about investingin general, that's where you wanna get
connected with the Central Oregon InvestorNetwork and you want to subscribe to
our YouTube channel and follow us onall of our channels for weekly insights.
And monthly meetups where we talkabout all kinds of real estate topics.
(35:52):
And tomorrow's meeting is all aboutsharing my experience of kicking corporate
and ditching the nine to five so thatI can have a life like this where I
join you from the Baja Camper and I getto play pickleball in the morning and
show up on my podcast in my pickleballclothes, which is pretty darn cool.
(36:14):
It's not a bad life, that's for sure.
So if you're enjoying thepodcast, please subscribe.
Leave us a review DMS on Instagram.
I'm at Best Life, Bend orSuzanne's at Suzanne Rosemore.
And let us know what more, whattopics you want to hear more about
and we'll see on the next episode.
Talk to you guys soon.
(36:35):
Thanks for tuning into this Suzanne andSarah Real Estate Investing podcast.
If you enjoy this episode, then subscribeand leave us a review because your
feedback helps us reach people like youwho are ready to elevate their lives.
Don't forget to share this episodewith someone who's passionate about
real estate or personal growth.
And for more tips, resources andupdates, follow us on Insta or visit us
(36:58):
at central Oregon investor network.com.
And remember.
You have the power to designthe life you want, one real
estate investment at a time.
See you next week.
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